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This is about pros realizing they don't need hammers anymore. To extend the construction analogy, it's as if the construction workers started building pre-fabri
by jdavis703 8y ago
This is about pros realizing they don't need hammers anymore. To extend the construction analogy, it's as if the construction workers started building pre-fabricated components in factories and only snapped together the pieces on site.
According to the article sophisticated algorithms, rising use of quants and high frequency trading are leveraging data sources directly -- there's no need for a professional at a terminal anymore when you can essentially leverage IT to do the day-to-day trading.